Fund industry executives Glenn Henderson and Tim Calveley have announced the completion of the acquisition of fund administrator, Butterfield Fulcrum, in partnership with private equity firm BV Investment Partners, following regulatory and government approvals.The acquisition includes FORS Ltd, an independent provider of family office and wealth management reporting and administrative services.With the combination of Butterfield Fulcrum and FORS, the company will offer comprehensive outsourcing solutions across the alternative investment management, family office and trust industries. The two companies will continue to be run as separate businesses by their respective management.Mr Henderson will take on the role of CEO of Butterfield Fulcrum while Tim Calveley will become chief operating officer of the parent company and continue as CEO of FORS. Sean Foley has been appointed chief financial officer of Butterfield Fulcrum, with immediate effect, while Chris Mulhern will continue in his role as chief operating officer and president.“We are delighted to announce the closing of this acquisition,” said Mr Henderson. “This brings together two highly complementary businesses that are focused on client delivery, quality products and services, and a high level of industry expertise and experience that resides in a talented team of senior level executives and staff.”Mr Mulhern said: “The return of Glenn Henderson and Tim Calveley to lead Butterfield Fulcrum is welcomed by current management and clients.“Butterfield Fulcrum is now positioned to provide a full service offering front, middle and back office capabilities backed by a powerful technology platform to its clients.”Mr Calveley said: “It is our vision for both Butterfield Fulcrum and FORS that they will continue to provide the same level of expertise and continuity while increasing client service levels.“Our commitment is to the highest level of fund service solutions across the alternative investment management, family office and trust industries. “Mr Henderson and Mr Calveley will have significant ownership stakes in the new company, along with BV Investment Partners. Financial terms of the transaction were not disclosed.No jobs will be affected by the acquisition.